Coinbase-Backed Crypto Perps Exchange Satori Finance Is Shutting Down

60-second summary

Satori Finance, a perps DEX backed by Coinbase, is shutting down amidst an extended market downturn, joining a string of crypto firms forced to close their doors. The exchange's demise marks the 12th major crypto company to cease operations this year, further exacerbating investor concerns about the industry's resilience. Market volatility intensifies.